Mobile phone access scheme 'to boost Africans' earning potential'
Africa's unbanked population are to get improved access to financial services through an UN-backed initiative that aims to raise their earning potential.Africa's unbanked population are to get improved access to financial services through an UN-backed initiative that aims to raise their earning potential.
The scheme, which is part of the Business Call to Action (BCtA) and also involves UK technology firm Movirtu, will see people on low incomes across the continent gain access to mobile phone numbers that they can use to take advantage of telephone banking, the UN News Service reports.
It will enable citizens to transfer money and pay bills using a mobile phone rather than having to visit a branch in person and can be accessed through any handset.
Executive Vice-President of Marketing, Strategy and Planning at Movirtu Ramona Liberoff said the goal of the project is to boost the earnings of low earners by "allowing them to access the economic benefits of a full mobile identity".
Farmers can also use the service to access agriculture support and advice and Amanda Gardiner of the BCtA added that providing access to mobile phone accounts will "bridge the divide" between those who own a handset and those who have to use borrowed or shared devices.